Affordable Houses For Newlyweds
A lot of research predicts millennial will not be able to buy a house in the next few years. One of them is Rumah123, which predicts that only five percent of millennials can own a house in 2022. The inconsistency between rising house prices (17%) and an increase in income of 10% per year is the main cause. In fact, without the need to wait for the next three years, housing prices in the middle of the city today are already too unreasonable for workers with minimal income.
For newlyweds who intend to no longer burden their parents by living in his own home, this condition makes them think twice about buying a house immediately. Houses located on the outskirts of the city are indeed more affordable. However, the difference in distance traveled causes other costs to be borne, such as greater transportation costs and physical and psychological exhaustion due to longer travel times. The option to rent a house then becomes a worthy alternative.
Married couple buying a house under one name
Affordable newlyweds house, buy or rent?
In addition to overcome the problems of the newlyweds' unstable financial condition, renting property has the advantage of flexibility. For pairs of workers with offices in the city center, the location of the rental house can be adjusted to the location of the office so, it is not too far away. The pair of workers who still want the dynamics of a career are more suitable for renting a home. When changing jobs, you will be more freedom to move residence.
Meanwhile, by buying a house, if they do not want to go too far the mileage they must be willing to adjust the work to the location of residence. Another problem that is often used as a consideration for buying a home is the factor of readiness for responsibility that must be borne in the long-term.
Newlyweds renting a home
Various home purchase credit programs usually last for a dozen to decades, so a strong commitment is needed to settle these receivables. Based on the factors of ease of access, instability of financial conditions, and the encouragement of a dynamic lifestyle, the choice of temporary accommodation is indeed more appropriated to rent a new home for newlyweds.
Newlyweds buying a home
Even though, there are facts that are difficult to deny about buying a dream house for newlyweds. On the investment side, buying property will be far more profitable than renting property. Land and building prices continue to rise indicating the value of investment that will continue to grow.
Even if you fail to complete the repayments and decide to sell the property, the sale value will be higher than the price, when you bought it. Especially if you regularly do maintenance or renovation to add aesthetic value.
The actual mileage problem can also be overcome by choosing housing areas that are supported by various infrastructures, and easily accessible public transportation. By owning your own home, you can make it a comfortable living space. Freely dressing the interior of the house in accordance with the wishes which is freedom that will not be obtained when living in a rental home. These three things actually show that buying a house can also be an important option for newlyweds to consider in the future.
The first time home buyer for newlyweds
Consider buying a first-time home for newlyweds.
Each option, whether renting or buying a house, has its own strengths, and weaknesses. Consideration for the sake of consideration is needed so that it does not end in an adverse decision. However, no need to linger about the best choice. If you really want to learn to live independently, a newlywed couple can make choices based on the current level of economic capability.
If you can afford to buy a house, why should you delay. Read more about residential solutions for newlyweds.